Ethereum

Bitcoin

The US SEC's approval of spot Bitcoin ETFs in January and spot Ethereum ETFs last week affected the whole world.
At this point, ETH ETF approval has increased the pressure on financial regulators in South Korea to approve similar cryptocurrency ETFs.
The US approval of ETFs has increased cryptocurrency pressure on regulators Financial Services Commission (FSC) and Financial Supervisory Service (FSS), local news agency Korea Times reported.
However, while the FSC and FSS abstained from approving BTC and ETF ETFs, the FSC, citing the Capital Markets Law, said that ETFs are only for real financial assets or securities.
“Under these circumstances, the SEC's decision on Ethereum on Thursday is expected to put pressure on Seoul's financial regulators to reconsider their regulations on digital assets,” said the founder of Seoul-based digital currency data and information provider Xangle.
Jung Eui-jung, president of the Korea Shareholders Alliance, said that following the US path of ETF approval and approving ETFs for Bitcoin-Ether is critical to ensuring that both traditional finance and digital asset investors do not leave Korea.
<blockquote>
 “After approvals, it will only be a matter of time before the US fully opens the door to ETFs and Korea approves ETFs for at least Bitcoin and Ethereum.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/usas-bitcoin-and-ethereum-etf-approval-stimulated-this-country-too-is-approval-near/" rel="noopener noreferrer nofollow">USA's Bitcoin and Ethereum ETF Approval Stimulated This Country Too! Is Approval Near?</a>

USA's Bitcoin and Ethereum ETF Approval Stimulated This Country Too! Is Approval Near?

Bitcoin Sistemi EN

Інші статті, опубліковані 27 трав. 2024 р.

How the Exclusion of Staking from Ethereum ETFs Could Enhance Resilience?

XRP Bullish Outlook: Analyst Predicts Mega Run On The Horizon

JasmyCoin, ENA, And LDO Price Prediction: Hints A Bull Run!

Bitcoin Boosts Memecoin Market

Daddy Trump (DADTRUMP) to Rally 17,000% Ahead of KuCoin Listing, as Shiba Inu, Bonk and Dogecoin Lag

Expert Analysis: 5 Altcoins with 3500% ROI Potential for This Summer

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!